Cineplex Now Covered by Analysts at Scotiabank (CGX)
Investment analysts at Scotiabank assumed coverage on shares of Cineplex (TSE:CGX) in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm set an “outperform” rating and a C$47.00 price target on the stock. Scotiabank’s price objective indicates a potential upside of 16.11% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Cineplex from C$36.00 to C$40.00 in a research note to investors on Monday, January 27th. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Cineplex from C$41.00 to C$43.00 in a research note to investors on Tuesday, January 21st. They now have a “sector perform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Cineplex from C$46.00 to C$50.00 in a research note to investors on Thursday, January 16th. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$41.70.
The company also recently announced a jan 14 dividend, which is scheduled for Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.12 per share.
Cineplex Inc (TSE:CGX) directly and indirectly owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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